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| Israel-Palestine-Jordan |
| World Bank slams PA for raising public payroll |
| 2007-03-07 |
| The Palestinian Authority faces a fiscal crisis that could threaten its existence, in part because it keeps expanding the public payroll despite its sharply reduced revenues, the World Bank said in a report released Wednesday. The Palestinian economy declined further in 2006 from an already low level, and the per capita Gross Domestic Product (GDP) dropped by at least 8 percent, said the report, obtained by The Associated Press. The decline coincides with an international boycott of the Islamic militant Hamas, which came to power a year ago. Since then, foreign aid has been redirected to moderate Palestinian Authority Chairman Mahmoud Abbas or disbursed as direct salary or welfare payments to Palestinians. The overall level of aid has declined, from about $1 billion in 2005 to more than $700 million in 2006. Most development programs have been cut, and the bulk of the money now goes to budget support. About 25 percent of the Palestinian labor force is unemployed, the report said. In Gaza, the rate is even higher, with 36 percent, up from 29 percent the year before. |
| Posted by:Fred |
| #7 because it [PA} keeps expanding the public payroll Next time anybody tells you EUros love for Paleos is pure AntiSemitismZionism, show such scoffers this sentence. Hahahahahahahahaha! Took me the better part of a day. GromMan, you should take a day off, go to the Zionist Beach and relax. |
| Posted by: Shipman 2007-03-07 21:20 |
| #6 how do you raise a payroll when you aren't paying anyone? |
| Posted by: sinse 2007-03-07 14:29 |
| #5 Heh...grom. It’s difficult to determine which is more predictable? Is it that the WB included their obligatory “Israel also has to step up to the plate” statement or that the AP felt compelled to scour the report to include those two sentences in their article? I’d say it’s a safe bet either way. |
| Posted by: DepotGuy 2007-03-07 12:59 |
| #4 But that's expected, DG |
| Posted by: gromgoru 2007-03-07 12:23 |
| #3 From the AP Report In its recommendation, the bank said Israel must radically improve the flow of goods and people in the Palestinian territories. It also said tax rebates collected by Israel "should be released directly to the Palestinian Authority." |
| Posted by: DepotGuy 2007-03-07 10:27 |
| #2 because it [PA} keeps expanding the public payroll Next time anybody tells you EUros love for Paleos is pure Anti |
| Posted by: gromgoru 2007-03-07 03:32 |
| #1 See also REALCLEARPOLITICS > BUSINESSWEK > THE REAL REASONS THE FRENCH ARE PISSED OFF AT US. The USA reached EU levels of per capita GDP back in 1985, employment wages + other productivity 30 years before that. Yep, Milyuuhns and Zilyuuhns of Chinese are surviving on US$1.0 a day per capita GDP = US$30.0 a month = US$365.0 a yarn, ERGO THE 700Trilyuhn - 1.0Q GDP America is the one going down. |
| Posted by: JosephMendiola 2007-03-07 02:21 |